2018/12 Posts
At some point, every restaurant owner must make the difficult decision to raise menu prices. Whether it’s because of inflation, wage increases, food price increases or a combination of all three, pricing needs to be adjusted periodically to keep the restaurant up and running.
Menu pricing is both an art and a science.
But how do you know when to raise prices in a restaurant? What’s the best way to raise menu prices?
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What to Look for When Hiring a Chef
Restaurant owners spend a lot of time writing their business plans, designing their restaurants and getting financing. But one of the biggest challenges that still lingers is having to find a chef. A good chef will help a restaurant thrive, but a bad chef will cost your restaurant business.
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How to Price a Menu Based on Markup and Profit Margins
A restaurant’s success rides on its menu pricing. If prices are too low, the business will fail. If prices are too high, the restaurant may have to change its target audience. Determining restaurant menu prices is an art, and this art can make or break a business.
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